Question
EconomyBanking, Credit and Financial InclusionBanking Regulation and Prudential NormsMedium
Question details
- Type:
- Statement based
- Skill:
- Concept understanding
- Tags:
- Banking Regulation and Prudential Norms
- Related topics:
- NPAs, Insolvency and Resolution
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Why is the offering of "teaser loans" by commercial banks a cause of economic concern? 1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future. 2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units. Which of the statements given above is/are correct?
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Question 80 · Banking Regulation and Prudential Norms · Economy · UPSC Prelims 2011 (GS)